Live-Work Commercial
503 S 4th St Lometa, TX 76853
For Sale
$275,000
COMMERCIAL - Lometa, TX
Property Size1,800 SF
Lot Size0.38 Acres
Price / SF$152.78
Days on Market780
Property Features for 503 S 4th St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 007267
- Size
- 1,800 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Description
- LOT: FR LOT 2 BLK: 49 ADDN: LOMETA
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Flooring type
- Vinyl, Tile
- Building materials
- Block
- Roof type
- Composition, Metal
Listing Agency:
The Kuker Company
(512) 556-4600
Listed By:
Janet Myrick · License #0589146
(512) 734-0057
Added: Jun 4, 2024
Changed: Jun 28
Last Checked: Jul 23 at 10:06PM
MLS# 169049
Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This live-work commercial property includes an 1,800 SF main building and a separate 1,100 SF manufactured home, plus additional storage and parking. The main building was previously used as a nail salon and features a spacious salon room, a customer bathroom, a laundry area, ample storage, and a second bathroom with a shower. The manufactured home offers 2 bedrooms and 2 bathrooms with an open living and kitchen area.
The property also includes an 8 X 40 storage Connex with electricity, along with a 2-car carport and RV parking on concrete slabs. The listing notes easy highway access, supporting convenient arrival for daily use and client traffic.
For tenants, buyers, or owner-operators seeking a combined work and living arrangement, the existing commercial layout in the main building can support business use while the manufactured home provides on-site living. The storage Connex and dedicated parking areas add practical value for vehicle and inventory staging, making the site suitable for a range of small operators who want everything on one property.
The property also includes an 8 X 40 storage Connex with electricity, along with a 2-car carport and RV parking on concrete slabs. The listing notes easy highway access, supporting convenient arrival for daily use and client traffic.
For tenants, buyers, or owner-operators seeking a combined work and living arrangement, the existing commercial layout in the main building can support business use while the manufactured home provides on-site living. The storage Connex and dedicated parking areas add practical value for vehicle and inventory staging, making the site suitable for a range of small operators who want everything on one property.
Key Highlights
- 1800 SF main commercial building previously used as a nail salon, including a spacious salon room and two bathrooms
- Includes an additional 1100 SF manufactured home with 2 bedrooms, 2 baths, and an open living/kitchen area
- Electric + central HVAC with central air; electric water heater
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $18.00 |
| − Vacancy | −$1.8k | −$1.01 |
| EGI | $30.6k | $16.99 |
| − OpEx | −$9.2k | −$5.10 |
| NOI | $21.4k | $11.89 |
1,800 SF · lease $18.00/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 7.79%
Second Best
Mixed Use
$243.0K
$212.6K – $283.5K
NOI $17,010 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$432.3K
$378.3K – $504.4K
NOI $30,264 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Live-work setup includes a 1,800 SF building, manufactured home, and covered parking for flexible tenant or owner use.
Where is this live-work space located?
The property is located at 503 S 4th St Lometa, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1800 SF main commercial building previously used as a nail salon, including a spacious salon room and two bathrooms; Includes an additional 1100 SF manufactured home with 2 bedrooms, 2 baths, and an open living/kitchen area; Electric + central HVAC with central air; electric water heater
